Aolian Electronics Plans Another Ownership Change, Shares Suspended from Sept 21
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Aolian Electronics (300585) announced on September 18 that its controlling shareholder, Guangxi Ruiying Asset Management, is planning a partial stake transfer that could lead to a change in the company's controlling shareholder and actual controller. The company's stock has been suspended from trading starting September 21, 2026, for up to two trading days. The deal is still under negotiation and subject to significant uncertainty. Aolian Electronics specializes in automotive electronic control systems. In the first half of 2026, the company reported a 20.11% year-on-year decline in revenue to 173 million yuan and a net loss of 14.94 million yuan, compared to a profit of 1.79 million yuan in the same period last year. The company's semi-annual report revealed that several foreign institutions, including J.P. Morgan Securities PLC (holding 4.542 million shares as the third-largest shareholder), UBS AG, and Morgan Stanley, had newly entered or increased their stakes in the second quarter. This is not Aolian's first attempt at a change of control; a previous attempt in December 2025 failed in February 2026 after the buyer failed to fulfill payment obligations under the share transfer agreement.
Source report
Shanghai, September 18 — Aolian Electronics Co., Ltd. (Shenzhen: 300585) announced on the evening of September 18 that its controlling shareholder, Guangxi Ruiying Asset Management Co., Ltd. ("Ruiying Asset"), is planning a partial transfer of its shares in the company via a negotiated agreement. This transaction may result in a change of the company's controlling shareholder and actual controller.
According to the announcement, relevant parties are currently in discussions and negotiations regarding the specific transaction plan, agreements, and related matters. The final terms will be subject to the agreements signed by all parties. The matter is still in the planning stage and involves significant uncertainty.
The company has applied to the Shenzhen Stock Exchange for a trading suspension, effective from the opening of trading on September 21, 2026. The suspension is expected to last no more than two trading days.
Business Overview
Aolian Electronics specializes in automotive powertrain electronic control, body electronic control, and new energy system control. The company is engaged in the professional R&D, production, and sales of automotive components.
First-Half Financial Performance
In the first half of the year, Aolian Electronics reported:
- Revenue: RMB 173 million, down 20.11% year-on-year
- Net profit attributable to shareholders: A loss of RMB 14.94 million, compared to a profit of RMB 1.79 million in the same period last year
- Total assets: RMB 848 million as of the end of the reporting period, down 5.35% from the beginning of the period
- Net assets attributable to shareholders: RMB 625 million, down 2.19% from the beginning of the period
Institutional Shareholding
The company's semi-annual report shows that several foreign institutions increased or newly established positions in the company during the second quarter. Notably:
- J.P. Morgan Securities PLC – Proprietary Capital: Holds 4.542 million shares, making it the company's third-largest shareholder
- UBS AG and Morgan Stanley & Co. International PLC also hold stakes in the company
Previous Attempt at Change of Control
This is not the first time Aolian Electronics has pursued a change of control.
On December 22, 2025, the company announced that Ruiying Asset was planning a similar negotiated share transfer that could have led to a change of controlling shareholder and actual controller. However, less than two months later, the deal fell through.
According to a subsequent announcement on February 13, 2026, the transaction failed because the acquirer did not fulfill its payment obligations under the Share Transfer Agreement, constituting a breach of contract. As a result, the controlling shareholder terminated the transfer of control.
Image source: Shetu.com
Source
上海证券报Eastern
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